Vistas Media set to buy Reliance Entertainment

Singapore-based media content and technology firm Vistas Media Capital (VMC) is in the final stages of acquiring Anil Ambani-owned Reliance Entertainment in a deal valued at `800 crore, according to sources in the know.

But Reliance Entertainment, which last produced the Diljit Dosanjh-starrer Amar Singh Chamkila, the second-most viewed Indian film on Netflix in the June quarter after Sanjay Leela Bhansali’s Heeramandi: The Diamond Bazaar, has been looking at a buyer for some time, according to media industry sources. Calls and text messages to Reliance Entertainment group CEO Shibasish Sarkar remained unanswered at the time of going to press.Sarkar,